Forest Plaza / Kensington Forest median real estate price is $278,783, which is more expensive than 42.8% of the neighborhoods in Tennessee and 35.6% of the neighborhoods in the U.S.
The average rental price in Forest Plaza / Kensington Forest is currently $1,862, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 42.7% of Tennessee neighborhoods.
Forest Plaza / Kensington Forest is a suburban neighborhood (based on population density) located in Chattanooga, Tennessee.
Forest Plaza / Kensington Forest real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Forest Plaza / Kensington Forest neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Forest Plaza / Kensington Forest, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Forest Plaza / Kensington Forest is very tight compared to the demand for property here.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
With a real estate vacancy rate of only 0.0%, the Forest Plaza / Kensington Forest neighborhood has a lower vacancy rate than 100.0% of U.S. neighborhoods, a very elite group. Such a low vacancy rate may indicate very strong real estate demand in the neighborhood combined with some impediments to increasing supply, such as zoning or existing density of development, among other potential reasons.
Did you know that the Forest Plaza / Kensington Forest neighborhood has more Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.0% of this neighborhood's residents have Scottish ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Forest Plaza / Kensington Forest neighborhood in Chattanooga are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 75.0% of U.S. neighborhoods. In addition, 9.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 52.9% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Forest Plaza / Kensington Forest neighborhood, 55.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 24.0% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.7%), and 8.8% in clerical, assistant, and tech support occupations.
The most common language spoken in the Forest Plaza / Kensington Forest neighborhood is English, spoken by 91.9% of households. Some people also speak Spanish (6.4%).
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Forest Plaza / Kensington Forest neighborhood in Chattanooga, TN, residents most commonly identify their ethnicity or ancestry as Irish (15.7%). There are also a number of people of English ancestry (10.9%), and residents who report Scottish roots (7.0%), and some of the residents are also of German ancestry (5.0%), along with some Asian ancestry residents (3.1%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Forest Plaza / Kensington Forest neighborhood spend between 15 and 30 minutes commuting one-way to work (62.8% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (15.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.